Power Bridge consortium, a US-European joint venture, agreed with Lithuania to develop, own and operate an electric transmission project interconnecting the Lithuanian grid to the western European power system, Dow Jones reports. The project will transmit 1000 MW from Lithuania, across Poland to western Europe. It is expected to cost $400 million. Power Bridge comprises CalEnergy Co, Duke Power Engineering, Siemens and Saguler Guff and Co. The Lithuanian government has promised to sell the consortium 6000 GWh each year for ten years.